For many years, the United States drove global anti-corruption efforts through vigorous enforcement of the Foreign Corrupt Practices Act. More recently, other jurisdictions, such as the United Kingdom and China, have begun to assert themselves in the anti-corruption arena. Brazil recently joined these countries by enacting a tough new anti-corruption law. The new law, which is set to take effect in January 2014, will impose substantial civil and administrative penalties on foreign and domestic corporations involved in bribery, bid-rigging, and obstruction of justice. Join Mayer Brown partners Salim Saud, Kelly Kramer, and Simeon Kriesberg as they discuss:
- The substantive terms and extraterritorial reach of the new Brazilian law;
- The new and significant penalties it authorizes for public corruption and bid rigging offenses;
- The new incentives it creates for companies to establish and enforce effective compliance programs;
- The law’s leniency provisions and the incentives they create for companies to self-report violations;
- The law’s impact on multi-national companies doing business in Brazil and how companies can best prepare their existing compliance programs;
- The heightened potential for multiple-jurisdictional enforcement actions;
- The impact the new law will have on all companies conducting internal investigations that relate to Brazil.